savings - the penny has dropped, savers want great rates!

the features

  • Start saving from £1 and earn a rate of 0.50% gross /AER (variable)
  • The more you save, the more you earn. Get up to 2.50% gross /2.33% AER (variable) on balances greater than £750,000. Tiered variable interest rates apply depending on balance until 31st May 2010. See below for tiered rates*
  • No penalties for withdrawals, just generous rates for all customers
  • Annual or monthly interest deposited directly into your savings account
  • 24 hour access, 365 days a year**

Making deposits & withdrawals

  • It’s easy to manage your account online
  • You can pay in money from your current account - whether or not you bank with cahoot
  • You can withdraw by transferring funds to your bank account - whether or not you bank with cahoot
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Rates from 0.50% gross /AER (variable) Rates from 0.50% gross /AER (variable) Rates from 0.50% gross /AER (variable)

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more about rates
a division of Abbey National plc

*The cahoot savings account variable rates apply as follows:
0.50% gross /AER for credit balances from £1 up to and including £50,000
0.55% gross /AER for credit balances greater than £50,000***
0.60% gross /0.59% AER for credit balances greater than £100,000 ***
0.76% gross /0.74% AER for credit balances greater than £250,000 ***
1.01% gross /0.97% AER for credit balances greater than £500,000 ***
2.50% gross /2.33% AER for credit balances greater than £750,000 ***


The maximum investment amount is £2,000,000. Deposits of more than £2,000,000 will receive a variable rate of 0.50% gross /AER annually and 0.50% gross /AER monthly.

These rates are variable and correct as at 1st July 2009. Gross/AER assumes that the deposit was made on 1st July 2009.

***These tiered variable interest rates are only applicable until 31st May 2010. From 1st June 2010 you will receive the variable rate applicable to balances from £1 on all the money in your account.

Please note that the tier of interest above, that is applicable to the balance of your account, is applied to the total balance. Quoted rates are for interest paid annually. Monthly interest rates are available on request and on our rates and fees page.

** Whilst we aim to provide 24 hour access to your accounts this service may very occasionally be reduced, for example when improvements / updates are made to the site.

AER stands for Annual Equivalent Rate and shows what the interest rate would be if we paid interest and added it to your account each year. The gross rate is the interest rate we pay before income tax is taken off. Rates are variable.

cahoot is a division of Abbey National plc. Abbey National plc. Registered Office: Abbey National House, 2 Triton Square, Regent’s Place, London, NW1 3AN, United Kingdom. Registered Number 2294747. Registered in England. Authorised and regulated by the Financial Services Authority. FSA registration number 106054. www.fsa.gov.uk/pages/register. cahoot and Abbey are registered trademarks.